It seems investors are doing their best to recreate the entire 1998-2000 bubble in the span of one trading day. After opening at $83, LNKD has just passed $100. The question is will the bubble pop today or take a few more trading days? And yes, at current count the P/E is over 1,200x.

Kaminsky just said this LinkedIn craze is linked in to Bernanke's easy money. Doesn't inspire confidence in market for normal retail investor. Another reason for them to "leave", as they were those buying over $110.

2.3 to 15 million in net revenue (depending on the source), admits it will lose money next year, and is faced with compliance/regulatory costs that will kill its revenue now that it's publicly traded, and a now current market cap of about 10 billion (it may end up at about 30% to 40% just by the end of TODAY - oh, think of 6 months from now, Gladiator!).

And it will officially mark the top before the fall.

I'm luvin' it. 2011 is shaping up to be too easy. 2012 will be a blast.

I will have internal joy everytime I hear someone claim Bernanke won't let the markets fall, just as I did in 2007 and 2008.

I don't dispute that companies and HH use lnkd to recruit particularly in a highly specialized field and I know that a lot of people buy into the Google meme that there is no more privacy but to have one's full CV (as so many lnkd members do) floating out in the public domain for all eternity ...

With the combination of facebook and linkedin you can compile way way too much information about a person. And that is just easy information gathering. From there you can easily collect additional information thinking out of the box a little bit.

if people had half a clue of what can be compiled in a very short period of time - the best though are records from the pre-net era accessible if you were willing to travel to whereever and request the documents on microfiche - like some old tax evasion case from 1993 - now it's out there transferred from the micorfiche to an online court record, which in combo with streetview, linkedin and some of those dopey mylife type sites it's hard for even the savvy to stay below the radar. I can only imagine what kind of data Goog and friends are able to compile with users who use Chrome, toolbar etc - they would likely know how long your dick is, and more importantly probably have algos that would allow them to predict equity prices

Both. I once knew a dumb gal that posted photos of herself at the beach, her cell phone number, her home phone number, her personal/business e-mail, and the physical address of her home all on Facebook. She was a 100% ditz. People are being foolish by posting so much personal info. on a social website. Bad idea.

I have had a linkedIn account with very little on it for about 4 years, and nothing added since then.Occasionally a friend finds me and "invites" me to connect to their network in LinkedIn. I haven't in at least a year. The past 3 weeks, I suppose in anticipation of this IPO, I received email "reminders" that invitations were pending from LinkedIn almost every day. Certainly were trying to create a swell. Nothing wrong with that, but very different traffic in recent weeks.

BTW - I do Facebook, and like it mainly for checking out what my friends are up to. Pretty passive about it. On the other hand, I am a twitter fiend. Watching many times a day and probably tweeting, on average, twice a day.

Robo - post your buy in price (even if you lie and claim you got an underwriter brokerage price of $45) here and now for the record, so I can laugh at you in due course, like I always, and will always, laugh at you.

And then, you can post that you sold it at $65 or $75, when it's trading at $20 or $10 (like you always, and will always, do).

No, he doesn't actually trade the stuff he talks about (if you can believe anything he says). He says he's in dividend stocks, etc. Robo's a full-on troll, just trying to get a rise out of all of the local denizens...

Ahh yes. Reminds me of the good ol' days back in 99. I bought AOL at $ 80 when i left the house for work and sold at $160 when i came home. It was better than Ron jeremy videos. PE means shit. Just buy the fucking thing and leave the 90s terms for Art Cashin and Louis Rukeyser to ponder over. Thats what they get paid for.

Agreed, let's make some bank on it and ignore. Keep the stop loss on though and rachet the trade. When it falls over, let's all make some money on the way back down because of the morons that bought on margin.

After the dot-com crash I swore I wouldn't miss another opportunity to short such overvalued names again, and fortunately, 11 years later, i have more money to put to work, so the first chance I get I will be shorting this. I just hope the current price holds by the time I can take a position.

Typically 3days, some PDs could take a few weeks as, "believe it or not", any shares they get they'll reserve for themselves first or any clients they have prior arrangements with.

Interesting about the dotcoms, i wasn't "in this" back then, but wondering how the signs were different than what we saw in 08 and what we're, most probably, seeing now. You didn't get a chance to short at all?

On pure valuation and a forward looking DCF, this thing is CRAZY expensive. But the social round of IPOs is just starting, meaning we could potentially have a lot more left to run.

Robo is absolutely right on this one. Portfolio managers cannot afford to look as if they missed a huge party. It's tough to justify the fees, and tougher to keep AUM when other fearless clowns chases today's Pets.com, and you are stuck in PM miners when they have completely ignored the move in PM's (despite the fact that they are the ones bringing the new "physical" to market).

Because we didn't have a complete soul-changing blow-out back in 08-09, nobody learned any lessons. Plus, for some of today's portfolio managers, the 2000 Tech Bubble is as ancient history as the Hundred Year's War.

The "lesson" people will learn from this is to beg, borrow and steal to have the syndicate front you some pre-IPO Facebook, Zynga, Twitter, etc. The fact that not everyone's business model can make sense (all ads, all the time) doesn't mean anything when day-of-issue is a rocket ship to da moon.

Maybe someone else can chime in for 1, though id say the issuer definitely hedged their "losses" (wins here) for the spike higher. They see the level of interest before the stock opens whenever it does - see how many bids lined up at 50, 51, 52, etc etc. So when it opened at 83 thats when all the institutions had to re-adjust (or not) their bids to get this thing going and hence the insane move higher very early.

As for 2, i guess the spread betting broker offers shorts only when you can physically short it as well? Theres no actual restrictions of shorting an IPO at the SEC, its just that the PDs dont have any inventory to offer.

After I am "allowed" to short this POS by the exchange, and count my cash, I will start LinkedShart during the next iTulip phase of the economy (which may not arrive until 2030 given the enormity of the next crash), and the business model will basically be posting pics and vid of peoples' fecal matter, and I'm sure advertisers will knock down the virtual door for ad space.

I know LNKD is behaving mad and beyond value compared to net profit and valuation.

Maybe people remember the stock entrance of World Online back in 2000 "worth" €12B. (this was at least a big issue over here)

-valuation FL6000,- or about €2700,- per "member"

The company did not have any estate in posession, nor servers, nor networks. Everything was rented and WO did not have a core except for non-paying members, but like analysts were promoting; this is the future on sale right now! But the bubble popped seriously and losses 90% for the longs on opening price

Just a thing about assets, earnings and future goals to cash/real valuation. Unless the world is loosing its grips on reality, means investors